REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The9 Ltd (Nasdaq: NCTY), a Chinese online game operator and developer, has entered into a memorandum of understanding with Chengwei Ventures, ChinaRock Capital Management and China Renaissance K2 Ventures to create a US$100m investment fund. Fund9 is designed to invest in both domestic and overseas mobile internet application and platform developers. Project proposals can be […]
Finance Wales has provided a £140,000 debt investment to back the management buy-out (MBO) of Denbe Western, a Cardiff, UK-based events and exhibition business. The company was acquired by Operations Director, Ian Bancroft and Rebecca Coleshill from former Managing Director, Colin Watkins and Creative Director, Alex Jenkins. Mr. Bancroft, who has been involved with the […]
Cegal AS, a Stavanger, Norway-based supplier of centralized IT operations with focus on Software as a Service and consulting services, has received an investment of undisclosed amount from Norvestor V, L.P. Through the transaction, which is expected to close in January 2011, Norvestor V will become the largest shareholder in Cegal. The CEO Svein Torgersen […]
Oobelisk, a Latvia-based media production company, has received a start-up financing from BaltCap. With the transaction, which has been completed within the EU Structural Fund’s co-financed JEREMIE initiative managed by the European Investment Fund in Latvia, BaltCap acquired a majority stake in the company. Led by Kristaps Pētersons, Chairman of the Board and Business Development […]
Lookout Mobile Security, a San Franicsco, CA-based cloud-based smartphone security, raised an additional $19.5m in Series C funding. The round was led by new investor Index Ventures, with participation from Accel Partners and Khosla Ventures. In May 2010, the company had closed an $11m Series B financing. In conjunction with the funding, Mike Volpi, Index […]
AlexandAlexa, a London, UK-based online retailer for luxury children’s wear, has raised £1.5m from MMC Ventures. With the transaction, MMC is taking a “significant” minority stake in the business. The company intends to use the funds to expand internationally. Founded in September 2007 by husband and wife team Alex and Alexa Theophanous, AlexandAlexa stocks over […]
Endomondo, a Copenhagen, Denmark-based sports community, has received an investment of undisclosed amount from SEED Capital. The company, which allows users to record their sporting activities through website or mobile and share the results with their friends, intends to use the funds to further develop its service and attract new users. Endomondo.com is used by […]
Catapult International, a Kansas City, MO-based developer of a cloud-based rate management solution for international shippers and freight forwarders, has closed on a nearly $2m first round of financing. The round was led by Five Elms Capital. The company intends to use the capital to continue to develop its software and ramp up sales. Catapult’s […]
deCarta, Inc., a San Jose, CA-based provider of location based services platform and applications, closed a $9.4m Series D financing round. Led by CEO J. Kim Fennell, the company intends to use the funds to expand marketing, sales and engineering efforts to accelerate its growth in local search and location services in the mobile market, […]
Multigig, a Scotts Valley, CA-based fabless semiconductor company that provides advanced clock generation and timing products for the wired and wireless communications markets, has raised US$10m in Series C financing. Investors include Zarlink Semiconductor (TSX:ZL), which committed US$5m, CMEA Capital and Sierra Ventures. Multigig intends to use the capital to invest in the continuing development […]
FolioDynamix, a New York, NY-based provider of on-demand technology and product solutions to wealth management firms and their affiliated investment advisors, received a $16m growth equity investment. The round was led by growth equity firm ABS Capital Partners, with participation from existing capital partners Edison Ventures, Cambrian, and Velocity Financial Group. FolioDynamix intends to use […]
Barrett Xplore Inc., a Woodstock, New Brunswick, Canada-based provider of 4G wireless and satellite broadband services to rural Canada, has received a $10m equity investment from Catalyst Investors. The company intends to use the funds to continue its expand its customer base and prepare the launch of two next-generation satellites, which will offer significant increases […]
DevonWay, Inc., a San Francisco, CA-based provider of enterprise-class SaaS-based solutions for the nuclear power industry, has closed a Series C fnancing of undisclosed amount. The round was led by Crosslink Capital. DevonWay intends to use the new capital to accelerate its Enterprise Asset Management product portfolio, expand its leadership team and expand both in […]
Meebo, a Mountain View, CA-based online sharing platfrom, has closed a $27.5m Series D round of funding. The round was led by Khosla Ventures, with participation from existing investors Sequoia Capital, Draper Fisher Jurvetson, Time Warner and JAFCO. The company intends to use the fund to further develop its web check-ins, which enable Web visitors […]
StudioEX, a global developer of browser-based games for the Windows and Mac platforms, has received $1.9m in funding from international private investors. Founded in 2009 as part of the Camelot Media Investments (CMI) Media Group, StudioEX recently launched the beta version of Galaxy X, its first game on Facebook, which is a turn-based ballistic action […]